Gloria Theater in Vienna is Bankrupt
Das Konkursverfahren über das Gloria Theater in Wien wurde eröffnet.
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The Vienna Gloria Theater is insolvent. A related procedure has been filed at the Commercial Court, the Association for Creditor Protection, Creditreform, announced on Tuesday.
The company, founded in 2001, was led by Gerald Pichowetz until his death in June. The cause of insolvency lies in the death of the sole managing shareholder, it was said in a statement. The company's operations were then discontinued, and liquidation was decided.
Bankruptcy Proceedings Opened Over Vienna Gloria Theater
The theater currently employs 14 staff members. Assets amounting to around 200,000 euros are opposed by liabilities of 575,000 euros. "Due to the fact that the shareholder has died and the company's operations have been discontinued, it can be assumed that no restructuring is intended," said the association. Creditors can register their claims via Creditreform until February 11, 2025.
(APA/Red)
This article has been automatically translated, read the original article here.
